Fuel prices have seen some real bumps in recent days all around the world, especially in Nepal and India. Here are details of diesel and petrol prices in Nepal, effective 3 September 2024.
On 3 September 2024, the cost per litre of Petrol in Kathmandu was Rs 172. NOC initially reduced the prices of all petroleum products, but the recent increase has definitely impacted Nepali business significantly. Multiple factors are certainly responsible for the petroleum price hike and the roaring inflation.
Some of them include;
- Loss of Nepal Oil Corporation
- Price hike of fuels from the source country
- Transporter and Dealers’ margin
Prices of Petroleum Products in Nepal Today
| Fuel Type | Price in Rupees (NRs) |
| Petrol | Rs. 172 |
| Diesel | Rs. 160 |
| Kerosene | Rs. 160 |
| LPG (14 Kgs) | Rs. 1910 |
As seen above, the price of Diesel and Kerosene in Nepal is set at Rs 160 per litre. Meanwhile, the price of LPG cylinders has surged massively from a recent 1700 mark to a direct Rs 1910 price tag. This certainly affects Nepalese households a lot, and you can witness the rage on social media.
The rising price of petroleum products is a serious issue and needs to be checked. Reduction in the consumption of fuel is probably the best alternative that we can do to help the situation. To acknowledge how critical the situation is, the latest news reads as;
The Ministry of Finance (MoF) urges to reduce fuel consumption by 20% to ministries, agencies and public agencies
However, on 31 August 2024, the Indian Oil Corporation sent the new fuel price list, and the price of petrol was reduced by Rs. 2 and diesel by Rs. 1. NOC has incorporated the price in their updated Petrol Price in Nepal. The price of Crude oil(Brent) in the international market is around $75.86 per barrel(198 litres approx).
Keep checking out the blog for updated prices on petrol and diesel in Nepal.
